Doubtnut

Last updated

Doubtnut
Company type Private
Industry Online Education
Founded1 July 2016 (2016-07-01)
Founders
  • Tanushree Nagori
  • Aditya Shankar [1]
FateActive
Headquarters
Gurugram, Haryana [ citation needed ]
,
India
Area served
India
ProductsDoubtnut
Parent Allen Career Institute [2]
Website doubtnut.com

Doubtnut is an Indian educational app started by Tanushree Nagori and Aditya Shankar. Doubtnut is available as an Android application on Play Store or by accessing its official website. [1] On December 4, 2023, Allen Career Institute acquired Doubtnut for US$10 million.

Contents

Operation

The platform uses image recognition technologies to provide answers and explanation of mathematical and science questions of highschool to college level. [1] [3]

Funding

In 2019, Omidyar Network and WaterBridge invested about $470,000. [4] In January 2020, the company raised $15 million in Series A round of funding from Tencent Holdings, and existing investors Sequoia Capital and Omidyar Network India. [5] [6]

In 2022, the company secured 224 crore in Series B funding, with SIG and Lupa Systems leading the investment. Existing investors, including Sequoia Capital India, Omidyar Network India, and Waterbridge Ventures, also participated in the round. [7]

On December 4, 2023, Allen Career Institute acquired Doubtnut for US$10 million. [8]

See also

References

  1. 1 2 3 Meghani, Varsha (13 July 2018). "Doubtnut: Doing more than maths". Forbes India . Retrieved 2 March 2019.
  2. ↑ "Allen Career Institute acquires Doubtnut". The Times of India. 4 December 2023.
  3. ↑ Kumar, Ravi Prakash (1 April 2018). "Doubtnut gives students free video solution to their maths problems" . Business Standard India . Retrieved 2 March 2019.
  4. ↑ "WaterBridge, Omidyar invest in ed-tech startup Doubtnut" (Press release). Doubtnut. 13 March 2018. Retrieved 2 March 2019– via VCCircle.
  5. ↑ Roy, Debjyoti (31 January 2020). "Byju's backer Tencent leads Series A funding in ed-tech startup DoubtNut" (Press release). Doubtnut. Retrieved 3 February 2020– via VCCircle.
  6. ↑ Singh, Manish (1 February 2020). "Two-year-old Indian edtech startup Doubtnut raises $15M". TechCrunch . Retrieved 3 February 2020.
  7. ↑ "Ed-tech startup Doubtnut raises ₹224 crore in latest funding" (Press release). 25 February 2021. Retrieved 10 December 2023– via Hindustan Times.
  8. ↑ Sarkar, Gargi (4 December 2023). "Allen Acquires Peak XV-Backed Doubt-Solving Edtech Platform Doubtnut". Inc42 Media. Retrieved 10 December 2023.
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